Pancakeswap Slashes Trading Fees For Stableswap Products To 0.01%

Twitter icon  •  Published 1年前  •  Hassan Maishera

The Pancakeswap team announced via a Medium post on Monday that it has slashed its trading fees for Stableswap products to 0.01%.

The Pancakeswap team announced via a Medium post on Monday that it has slashed its trading fees for Stableswap products to 0.01%. The 0.01% applies to Pancakeswap’s USDT-BUSD, USDC-BUSD, and USDC-USDT pools. StableSwap on PancakeSwap is a feature to trade stable pairs with a lower slippage based on an invariant curve slippage function.

The team said the lower fees would help to increase the volume of trades and overall liquidity on PancakeSwap, as well as improve volumes on other Swap pairs by reducing the total fees incurred on trade routing.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 3% today and is currently trading at $4.483.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.